A Reason to be Concerned?

By: Marty Chenard | Wed, Mar 31, 2010
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Last week we posted an update on our New Highs fast indicator. We will post it again today, but will NOT repost it again until late April in fairness to our paid subscribers.

The chart below shows one of the ways we measure what is happening relative to New Highs on the New York Stock Exchange.

On March 22nd., the indicator made its first lower/low since early February. That meant that this indicator was showing an increased risk condition as the market attempted to move higher.

Yesterday, the indicator showed that it was continuing to move lower, and if it goes below our horizontal bullish line, the odds are that the market will pull back or correct.

(This chart is posted daily on our Standard subscriber paid site: Section 4, Chart 3.)

SPY Chart

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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